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Six Pistols Records Inc. ( SPR ) has just paid a Div 0 = $ 4 ( per share ) dividend. Its stock price equals

Six Pistols Records Inc.

(

SPR

)

has just paid a Div

0 =

4 (

per share

)

dividend. Its stock price equals P

0 =

52

and the required rate of return is rE

= 12 % .

What is the expected annual rate of dividend growth for this firm?

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